The SystemsForex Strategies & Methods. Scalping M1, M5, M15 minute charts, intra day trading M30, H1, swing trading H4, D1, or position trading W1, MN? Trend or reversal?
ASH, To make the ASHFX more powerful, add the CCI Set at 10. You get clear divergence. Look below at the chart at the blue lines, thats just one. It can add more radar, I trade this all the time. Thats whats called a Bullish Div.
This happens all the time, to use it as a confirmation. It happens on all TF I use it on the 30 min It does not take long to see it.
Very clear to see the divergence. Would you call this hidden divergence vs regular divergence?
Is CCI=10 , apply to CLOSE?
for illustration purpose, attached usdjpy 1h and 30 mins charts. One can see CCI is showing divergence and AO is not on the 1h timeframe.
But on 30 mins both indicators are showing divergence.
I hope to solved the bug with repeated alerts, but I haven't the time to test this.
Please tell me if all is now OK.
The DashBoard is now functioning also on platforms with Symbol-Suffixes (m, or -fx) and with 3 or 5 digits.
Thanks Swingman for these new versions. I have placed them on my charts and will let you know.
However, I need some clarification:
1. For the INPUT that says: ALERTPERIODUNIBARCLOSE=1( this is the default setting) in the ASHFXV2Signals_v4...... What does the number indicate? This means that all alerts(both popup and email) will come at the close of current candle or one after current candle or one before current candle.
The number=1 or 2 or 3 means..... ?
2. For the same INPUT that says: ALERTPERIODUNIBARCLOSE=5( this is the default setting) in the ASHFXV2Dashboard_v5...... What does this 5 represent?
Also for the dashboard indicator there is an additional INPUT line that says: SHIFT SIGNALS. When this is set =0, this represents current candle.
So, if one want to be alerted at the close of current candle. What should the setting be for these two inputs?
SHIFT SIGNALS=0, ALERTPERIODUNIBARCLOSE=1?
Very clear to see the divergence. Would you call this hidden divergence (looking at the valleys) vs regular divergence(looking at peaks)
Hi Hrathi When you look for Div. You draw the lines from Pecks and candles from the lowest or highest of the wick just like the chart, when its below 100 and above -100 its good to go CCI is at the top of non lagging indicators for Div. I trade it all the time it can be powerful for early trend change for the Ashfx System.
Hi Hrathi When you look for Div. You draw the lines from Pecks and candles from the lowest or highest of the wick just like the chart, when its below 100 and above -100 its good to go CCI is at the top of non lagging indicators for Div. I trade it all the time it can be powerful for early trend change for the Ashfx System.
Just edited previous post. I will add to my toolbox. Thanks so much for sharing
Very clear to see the divergence. Would you call this hidden divergence vs regular divergence?
Is CCI=10 , apply to CLOSE?
for illustration purpose, attached usdjpy 1h and 30 mins charts. One can see CCI is showing divergence and AO is not on the 1h timeframe.
But on 30 mins both indicators are showing divergence.
Thanks for sharing.
You got a good one. I did't even look at the USD/JPY But that is the way I trade 30 min charts high win ratio. Check all of them and different TF's
You will see them all the time.
However, I need some clarification:
1. For the INPUT that says: ALERTPERIODUNIBARCLOSE=1( this is the default setting) in the ASHFXV2Signals_v4...... What does the number indicate? This means that all alerts(both popup and email) will come at the close of current candle or one after current candle or one before current candle.
The number=1 or 2 or 3 means..... ?
2. For the same INPUT that says: ALERTPERIODUNIBARCLOSE=5( this is the default setting) in the ASHFXV2Dashboard_v5...... What does this 5 represent?
Also for the dashboard indicator there is an additional INPUT line that says: SHIFT SIGNALS. When this is set =0, this represents current candle.
So, if one want to be alerted at the close of current candle. What should the setting be for these two inputs?
SHIFT SIGNALS=0, ALERTPERIODUNIBARCLOSE=1?
If you have this questions, maybe are the variable names not the best...
Please propos other names
- "AlertPeriodUntilBarClose = 5" in the DashBoard, because you have a lot of pairs, and maybe you need time to take decisions.
- If alerts are in place, they are fired one time in the last 5 minutes, before the candle close.
- In the Signal indicator we have an alert in the last 1 minute before the candle close.
- With "ShiftSignals = 1" in the DashBoard you can see and check signals 1 bar ago, with 2, 2 bars ago. This has nothing with Alerts to do. (Forex37 has explained this features.)
Beacuse me english ist very poor, please dont ask extended explanations from me...
1. ANALYSIS beyond PURE PRICE ACTION: ?? Not sure what is your understanding here. FINDING Higher lows in a new emerging UPtrend or Lower highs of a new emerging DOWNtrend is PURE PRICE ACTION.
Only using a trendline:Trend lines can offer great insight, but if used improperly, they can also produce false signals. Other items - such as horizontal support and resistance levels or peak-and-trough analysis - should be employed to validate trend line breaks. While trend lines have become a very popular aspect of technical analysis, they are merely one tool for establishing, analyzing, and confirming a trend. Trend lines should not be the final arbiter, but should serve merely as a warning that a change in trend may be imminent. By using trend line breaks for warnings, investors and traders can pay closer attention to other confirming signals for a potential change in trend. Trend Lines - StockCharts.com
2. I don't think it's necessary to analyse the chart beyond the basic and the most important element of it all.. price :
Final Points From the Ashfxv2 manual.
Please bear in mind, it doesn’t matter in which order the indicators line up, just as long as the rules mentioned above are adhered to. Also, (and this goes without saying), [COLOR="Red"]it’s important to pay attention to key Support & Resistance levels, in addition to price action. [/COLOR]
Support & Resistance:
Identification of key support and resistance levels is an essential ingredient to successful technical analysis. Even though it is sometimes difficult to establish exact support and resistance levels, being aware of their existence and location can greatly enhance analysis and forecasting abilities. If a security is approaching an important support level, it can serve as an alert to be extra vigilant in looking for signs of increased buying pressure and a potential reversal. If a security is approaching a resistance level, it can act as an alert to look for signs of increased selling pressure and potential reversal. Support and Resistance - StockCharts.com
3. Divergence: I guess this is a peripheral trader's skill using the great choice of indicators already chosen by Ash to see "what is the STRENGTH of the trend". One of few "leading indicators" for trend reversal and a great skill/tool to develop awareness for any trader. The Indicator AO already on the Ashfxv2 template and used as an exit tool and I was trying to show it can also be used to the trader's advantage to see 'Trend Strength'. (ANOTHER IMPORTANT FUNCTION of the same indicator.)
Sorry if this post is too long, but clarification is the best form of communication
Irathi,
Sorry at times I might sound a bit short and don't provide enough clarrification - just a lack of time
What you have explained is beneficial to any trader , so thanks for your time and lengthy contribution. I have always believed that the use of indicators should be purely for confirmation, after all, indicators are a 'derivative' of price. What I mean by using pure price action is simply using support and resistance, trend lines and Higher lows/ higher highs. I think that anything which is applied straight to price , is apart of price action analysis. Once we use indicators we are looking at elements secondary to price.
Divergences are wonderful, but I have never been able to come up with a mechanical way of using them, I feel they are only useful in hindsight.
Given the fact that the second trade was put to break even, I did not think it was necessary to do much analysis beyond support/resistance and trend line. After all, a certain element of the trade is left for the market to do its 'thing'
At the end of the day, part of the game is to keep it simple
DT
Linear Mode
